Annual statutory audits for licence renewal and IFRS compliance, plus independent external audit reports for banks, investors, regulators and tender purposes. Senior-led, risk-based and approved across DMCC, JAFZA, ADGM, DIFC and the wider UAE.
A statutory audit is required annually for most UAE entities — free zone or mainland — for licence renewal, bank facility purposes or because the constitutional documents demand it. The audit opinion is an independent assertion that the financial statements give a true and fair view in accordance with IFRS.
We deliver statutory audits across every major UAE jurisdiction. The audit is partner-led, risk-based and IFRS-aligned — and we don't tick boxes, we test what matters.
Most UAE entities are required by their licensing authority or by their constitutional documents to have an annual statutory audit. This includes most free zone companies (DMCC, JAFZA, ADGM, DIFC, DAFZA, RAKEZ, SAIF, DDA and others), LLCs on the mainland, branches of foreign companies, and most regulated entities.
Under Federal Decree-Law No. 32 of 2021 on Commercial Companies, every UAE company is required to maintain proper books of account, prepare annual financial statements under IFRS, and have them audited by a licensed auditor. The same requirement is mirrored in free zone regulations — DMCC Company Regulations 2020, JAFZA Offshore Companies Regulations, ADGM Companies Regulations 2020 and DIFC Companies Law.
Beyond the legal requirement, audited financial statements are increasingly demanded by UAE banks for facility renewals, by suppliers for credit terms, by potential investors and acquirers during due diligence, and by the Federal Tax Authority (FTA) for Corporate Tax and VAT compliance verification.
Beyond statutory audits, we also conduct independent external audits commissioned for specific purposes — bank facility audits, group reporting packs for foreign parent companies (US GAAP, IFRS, German HGB), pre-tender financial qualifications, investor due diligence support, and special-purpose reports for regulators. Same audit team, same quality, scope and reporting framework tailored to the user's needs.
Failure to file audited accounts on time attracts penalties from the relevant licensing authority. Mainland LLCs face fines under the Commercial Companies Law. Free zone authorities have their own penalty structures — DMCC penalties range from AED 1,000 to AED 50,000 depending on the infraction. Non-compliance can also result in licence suspension, blocking your ability to renew trade licences or open bank accounts.